Category Archives: 30 Day Budget Bootcamp

20 Day Budget Challenge:  Getting On The Same Page as Your Financial Partner

20 Day Budget Challenge: Getting On The Same Page as Your Financial Partner

Join us for Day #4 of the 20 Day Budget Challenge!

I’ve had a slew of new people join my free 20 Day Budget Challenge, so I just want to add snippets here and there of some of the material.  Read below on my advice on how to get on the same page as your financial partner – aka – how to stop fighting over money!

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Today’s topic can be a tricky one –  Getting on the Same Page as your Financial Partner.  I have 5 suggestions that you can read and think about that will help in the communication process.  One of the biggest reasons of tension and cause for arguments in relationships and marriage is over finances.  Let’s see if this budget stuff really can alleviate some tension with your partner as I claimed it could in Why Having A Budget Gives Me Freedom!

1. Put Your Budget Meetings On the Calendar!  You will need to make a commitment to set aside time to sit down together and talk about money.  Don’t expect that you will get all of the answers or come to an agreement all in one day.  Talking about finances will be on ongoing conversation. You may need to schedule weekly meetings in the beginning to get your plan in place.  After a few months of following a new budgeting system, these budget meetings can become less frequent.  Even if you don’t usually “plan” conversations like this, I encourage you to do so, otherwise it just isn’t going to happen.  This will take some dedication on both ends – and if you have trouble following through, invite a close friend or family member to check in on how the meetings go.  Don’t be afraid to ask for help from another couple that you know and trust!

2. Before having a “budget meeting,” set up some ground rules about communication.  Create an atmosphere that fosters cooperation and a mutual desire to start making improvements. Decide from the very beginning to give respect and hear one another out when choosing where to allocate funds.

3.  Share Your Financial Goals With Each Other.  What are your individual dreams that you can work on together?  Try to learn something new about your partner and take the time to make some future plans – either new ones, or old ones that will actually get done. Dreams are great – but they are even greater when you have a plan to see them come to pass!

4.  Learn To Live Beneath Your Means.    Find ways to spend less, cut expenses, and trim spending.  When you do, then you will have room to create an emergency fund and get a few months’ worth of living expenses saved. Next, make a plan to pay off debt. Once debt is paid, than those funds can be redirected toward savings. Discuss how to get spending under control so that you are bringing in more monthly than you are spending.

5. Budget Some FUN Money For Both Of You!   If possible, find some discretionary money to allow each partner to spend as they please.  Budget in a weekly allowance – maybe $20 cash in an envelope that each of you has to spend on whatever you like.  Being smart and communicating about finances does not have to mean that you cannot have fun with your money.  There is value to having fun!  🙂

Please leave some comments over in our Facebook Group on how you have gotten on the same page as your financial partner.  No two couples are the same, and there is no black and white recipe of success.  But we can make it happen with patience, determination, clear communication, and compromise!

 

 

 

10 Tips on How To Save Money When Buying Clothes

10 Tips on How To Save Money When Buying Clothes

*This is a re-post from my 20 Budget Challenge I led back in January.  I’m revisiting this popular topic though today – How to save Money When Buying Clothes!*   Join us for Day #15 of the 20 Day Budget Challenge!   Today’s Topic: 10 Tips on How to Save Money on Clothes! Before you go… Continue Reading

20 Day Budget Challenge: Day #20 – How to Make Living on a Budget FUN!

20 Day Budget Challenge: Day #20 – How to Make Living on a Budget FUN!

CONGRATS!!  You made it to the LAST day – Day #20 of the 20 Day Budget Challenge! Some of you may still be thinking that keeping track of your finances and living on a budget is just a huge drag.  But it really doesn’t have to be!  I love seeing how much I save each week… Continue Reading

20 Day Budget Challenge:  Day #14 – 20 Ways To Pinch a Penny!

20 Day Budget Challenge: Day #14 – 20 Ways To Pinch a Penny!

Welcome to Day #14 of this 20 Day Budget Challenge!   Today I’m going to give you a quick list of 20 ways to pinch a penny! Some of these you are probably already doing.  Some of these are a bit out of the box, so hopefully will inspire you to pinch in ways you… Continue Reading

20 Day Budget Bootcamp:  Day #13 Earn Extra Cash By Selling Items Around Your Home!

20 Day Budget Bootcamp: Day #13 Earn Extra Cash By Selling Items Around Your Home!

Join us for Day #13 of the 20 Day Budget Challenge! Today let’s talk about all of the cash that is collecting dust in your house. I already mentioned selling items around your house as a great way to get a jump start on building your emergency fund.  But I wanted to give you another… Continue Reading

20 Day Budget Challenge:  Day #10 How To Save On Entertainment & Where to Get Extra Money For A Date Night!

20 Day Budget Challenge: Day #10 How To Save On Entertainment & Where to Get Extra Money For A Date Night!

Join us for Day #10 of the 20 Day Budget Bootcamp! Today’s Topics: How To Save On Entertainment & Where to get Extra Money for a Date Night I’m going to start with a list of ways to find some free or cheap activities that you can choose to do instead of forking out $50 for a… Continue Reading

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